QuickBooks Online Payroll

QuickBooks Online Payroll makes calculating and processing payroll easier for clients. Browse and complete this training to find out about the various features and capabilities of QuickBooks Online Payroll. Discover how to run payroll, create payroll-related reports, and carry out end-of-period activities. Explore a range of advanced processes, such as termination policies or setting up deductions and contributions.

MODULE 1: QuickBooks Online Payroll subscriptions and setup

This group of lessons introduce the different QuickBooks Online Payroll subscription options and how to set them up. Find out about the role of a payroll specialist, how to add employees, or invite them to Workforce. Explore the Payroll Center and the direct deposit functionality.

Learning Objectives: 

• The different QuickBooks Online Payroll subscription levels
• Helping clients choose the right QuickBooks Online Payroll subscription level
• The features in the Payroll Center
• Setting up different QuickBooks Online Payroll subscriptions
• Setting up payroll taxes 
• Adding employees to QuickBooks Online Payroll
• Inviting employees to QuickBooks Workforce
• Setting up direct deposit payments for employees in QuickBooks Online Payroll
• Managing contractors in QuickBooks Online Payroll
• Running payroll in QuickBooks Online Payroll 

MODULE 2: Working with QuickBooks Online Payroll

These lessons are all about running payroll. Find out about processing paychecks and creating scheduled and unscheduled payrolls. Discover how to automate payroll and the benefits of integrating QuickBooks Time with QuickBooks Online Payroll.

Learning Objectives:

• Running payroll in QuickBooks Online Payroll 
• Scheduled vs. unscheduled payroll, and the tax implications of unscheduled payroll
• Creating scheduled and unscheduled payroll
• Processing paychecks for both scheduled and unscheduled payroll
• Using Auto Payroll and the Overtime calculation tool
• How QuickBooks Time works together with QuickBooks Online Payroll
• Voiding and deleting paychecks and making paycheck ledger adjustments

MODULE 3: Reports and End of Period Activities

This training covers a range of payroll-related reports and end-of-period activities. Find out how to run and interpret reports to determine profitability. Explore the steps involved in processing payroll tax deposits and filing payroll forms.

Learning Objectives:

• List the default payroll-related reports that are available in the Reports Center
• Understand what detailed payroll-related reports can be created
• Create the most useful QuickBooks Online payroll-specific reports
• Understand how to read and interpret payroll reports
• Identify the steps to verify payroll agrees with the general ledger using payroll reports
• Describe how to process payroll tax deposits
• Explain how to adjust tax deposits to include penalties and/or interest.
• Recognize how to process and file payroll forms
• List payroll activities at year-end (including how to print or email W-2s)
• Explain how payroll data can be used to determine profitability via Projects

MODULE 4: Advanced options in QuickBooks Online Payroll 

This topic looks at some of the more payroll-related processes and workflows. Explore how to change accounting preferences, tax settings, and payroll banking information. Find out about termination and time-off policies, and deductions and contributions, including retirement and health benefits, and discover how to record tips and gratuities.

Learning Objectives:

• Recognize how to change accounting preferences.
• Recognize how to edit tax settings 
• Identify how to change payroll banking information and direct deposits
• Understand the basic principles of configuring paid and unpaid time-off policies in QuickBooks Online Payroll
• List the steps to configure a paid/unpaid time policy
• Recognize different deductions/contributions that can be set up for employees
• Recognize how to set up retirement and health benefits as part of QuickBooks Online Payroll
• State the Termination Policies and Procedures and how they work
• Determine how to record tips and gratuities using QuickBooks Online Payroll

Course Length: 5 hrs